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Julio César
Julio is a young 24-year-old entrepreneur. He has vision, goals, and a great desire to succeed. He has worked in the food industry in various big restaurants, hotels, and sports bars. From this, he got the idea of starting his own business, a restaurant where he could offer cheese-based products such as pizzas, lasagnas, and sandwiches. He has a storefront but needs a loan to invest in the purchase of movables (a gas oven, chairs, a freezer, and kitchen supplies), as well as wholesale ingredients (cheese, pasta, chicken, frozen meet, sauces, and other items), and to pay the first month's rent and publicity. This will allow him to start his business project. He hopes to succeed. His main goal is to, as soon as this business becomes profitable, open a new branch in another neighbourhood. This way, he will be able to be profitable and to have financial security in order to continue supporting his family with the household expenses and to benefit from a greater quality of life.
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Julio es un joven emprendedor de 24 años de edad, con visión, proyección y muchas ganas de salir adelante. Ha trabajado en el campo de manipulación de alimentos en diferentes restaurantes de grandes empresas, hoteles y clubes deportivos, por lo que surge la idea de iniciar su propio negocio, un restaurante en el que pueda ofrecer productos a base de queso fundido como pizzas, lasagnas, sándwiches, entre otros, para lo cual ya posee el local, pero requiere el apoyo del crédito para invertirlo en la compra de activos fijos (horno a gas, silletería, nevera, utensilios de cocina), surtido al por mayor (quesos, pastas, pollo, carnes frías, salsas, entre otros) y pagar el primer mes de arriendo y la publicidad; esto le permitirá dar inicio a su proyecto productivo, con el que desea salir adelante, pues su principal meta es que tan pronto como este negocio comience a dar los primeros frutos, se pondrá en la tarea de abrir una nueva sucursal ubicada en otro barrio, así podrá generar una rentabilidad y estabilidad financiera para seguir apoyando a su familia con la carga económica del hogar y disfrutar de una mejor calidad de vida.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.


About Colombia

  • $11,100
    Average annual income
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,929.2
    Colombia Pesos (COP) = $1 USD
A loan of $2,600 helped Julio César to buy more movables: a gas oven, chairs, freezer, kitchen utensils), and ingredients wholesale (cheeses, pasta, chicken, frozen meat, etc), and to pay the first month's rent and some publicity.
Repayment Term
27 months (Additional Information)
Repayment Schedule
Oct 26, 2013
Nov 28, 2013
Currency Exchange Loss:
Jan 27, 2014